December S&P Futures: The S&P futures have traded through resistance in the 1265-68 zone. Even so I think a reaction to 1260 is likely and the market may well drop a bit lower to 1256 before moving up again. In any case I think the next step up will carry to 1282 or so.
December Bonds: The bonds have started a new upleg which will probably carry to 113-25. I expect this market to rally into the 115-116 zone before the bear market resumes.
December 10 Year Notes: The notes appear to have begun a move to 109-24. I expect this market to move into the 111-112 zone before the bear market resumes.
December Eurocurrency: I think support is now at 117.50. Next step up will carry to 121.00.
January Crude: The market is holding resistance at 58.90 and now will move to the downside target at 54.20.
December Gold: There is still a good chance we will see a reaction to 482 or so before a move to 507 develops.
Google: Broke past 418 resistance Wednesday and next stop will be 433.
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